Angolan crude cargoes remained in ample supply on Wednesday due to a lack of Chinese demand.

Around 10-12 cargoes of Angolan crude remained to be sold for export in August, up from 10 estimated on Tuesday. A lack of Chinese demand has left more cargoes than normal unsold at this stage in the trading cycle.

Supplies of Congolese Djeno crude are also seeking a home, a trader said, underlining the lack of Chinese buying interest.


Source: Reuters